Image courtesy of Highpoint Engineering

A commercial and industrial site in Worcester would be redeveloped with 218 multifamily housing units under a proposal by an Auburn real estate company.

Lundgren Equity Partners is proposing a 204,413-square-foot apartment building at a site that was approved for a 48,000-square-foot office building in 2018.

The latest plans for the 2.4-acre property at 225 Shrewsbury St. and 68 Albany St. call for a 7-story multifamily building with 298 parking spaces, including 104 located in an at-grade podium.

Developers propose 55 studios, 127 one-bedroom units and 36 two-bedroom units.

The 225 Shrewsbury St. property also contains the one-story Shrewsbury Street Marketplace shopping plaza, as well as a former ambulance storage building which would be demolished. The Albany Street parcel includes a 1-story industrial building which would be redeveloped as surface parking.

The project would utilize 74 parking spaces currently used by the shopping plaza, while adding 120 spaces on the Albany Street parcel, according to application materials submitted to the Worcester Zoning Board of Appeals.